SPIRO T. AGNEW, Governor                       599

by the issuance and sale to the highest bidder or bidders at
public sale of its general obligation, serial maturity coupon bonds
in like par amount; empowering said County to fix and determine,
by resolution, the form, tenor, interest rates or method of arriving
at the same, terms, including redemption and registration pro-
visions, conditions, maturities and all other details incident or
necessary to the issuance, public sale and delivery of said bonds,
without reference to any other law heretofore enacted; prescrib-
ing the method and manner of selling said bonds at public sale;
empowering said County, subject to certain limitations, to sell
said bonds at, above or below the par value thereof; empowering
said County to refund any of said bonds purchased or redeemed in
advance of maturity; empowering and directing said County to
apply to the payment of principal and interest of said bonds and
said refunding bonds any funds received from the State of Mary-
land and the United States of America, which may be properly
allocable to said purpose; empowering and directing said County
to contract to levy and to levy, impose and collect annually ad
valorem taxes which, in addition to the State and Federal allot-
ments, if any, will provide funds sufficient for the payment of
said maturing principal and interest; exempting said bonds and
said refunding bonds and the interest thereon from all State,
county and municipal taxation in the State of Maryland; and
providing that the power to incur indebtedness and issue bonds
therefor under the provisions of this Act is additional and alterna-
tive authority for borrowing money and shall be regarded as
supplemental and additional to powers conferred upon the County
by other laws.

Section 1. Be it enacted by the General Assembly of Maryland,
That, as used herein, the term "County" shall mean the body politic
and corporate of the State of Maryland known as the County Com-
missioners of Worcester County, and the term "public schools" shall
include the construction, reconstruction, improvement, extension,
acquisition, alteration, repair and modernization of public school
buildings or buildings for school purposes in Worcester County,
including sites therefor, the cost of acquiring any such sites, archi-
tectural and engineering services, including preparation of plans,
drawings and specifications for such schools and the development
of the grounds and landscaping thereof, and all customary perma-
nent appurtenances and recreational and pedagogical equipment
for such schools.

Sec. 2. And be it further enacted, That, the County is hereby
authorized and empowered to finance the construction of public
schools, as defined in Section 1 of this Act, for the use of the Board
of Education of Worcester County and, in order to make such fi-
nancing possible, said County is hereby granted the power and au-
thority to borrow money and incur indebtedness for such purpose,
from time to time, in an amount not exceeding the sum of Three
Million Dollars ($3,000,000) and to evidence such borrowing by the
issuance and sale upon its full faith and credit of its serial maturity,
general obligation coupon bonds in like par amount, upon the terms
and conditions hereinafter set forth. Such bonds may be issued
from time to time, in one or more groups or series, as funds for
such public school construction or acquisition become necessary,